More First-Time Buyers Using PMI as 3% Down Mortgages Make Gains

National Mortgage News, Feb. 22, 2018–Elina Tarkazikis (subscription)
PMI carriers insured 157,000 loans for first-time homebuyers at the end of 2017, the best fourth quarter since 1994, due largely to more lenders and borrowers taking advantage of Fannie Mae and Freddie Mac’s 97% loan-to-value mortgage programs.